Single-family housing starts in March were at a rate of 1.03 million, a 9.7% spike from the revised February figure of 941,000.
According to data from the US Census Bureau and the Department of Housing and Urban Development, privately-owned housing starts in March were at a seasonally adjusted annual rate of 1.5 million, a 10.8% rise from both the revised February estimate and the March 2025 rate of 1.35 million.
Single-family authorizations in March were at a rate of 895,000, which is 3.8% below the revised February figure of 930,000. Privately-owned housing units authorized by building permits in March were at a seasonally adjusted annual rate of 1.37 million, which is 10.8% below the revised February rate of 1.53 million and is 7.4% below the March 2025 rate of 1.48 million.
Single-family housing completions in March were at a rate of 896,000, which is 4.8% below the revised February rate of 941,000. Privately-owned housing completions in March were at a seasonally adjusted annual rate of 1.36 million, which is virtually unchanged from February but down 12.8% from the March 2025 rate of 1.56 million.
0 Comments